Mumbai, April 17 -- The stock is currently locked at its 52-week low, having nosedived an astonishing 85% over the past three months.

The meltdown follows a damning interim order issued by SEBI on 15 April 2025, which accused Gensol's promoters - Anmol Singh Jaggi and Puneet Singh Jaggi - of diverting massive funds meant for electric vehicle procurement. In response to the findings, the regulator has barred both promoters from taking up any directorial or key managerial positions and restricted their access to the securities market. Subsequently, both Anmol and Puneet stepped down as directors of the company.

SEBI's probe, which was initiated after a complaint in June 2024, unearthed significant misuse of Rs 977.75 crore in loans secure...